Meiji Yasuda Asset Management Co Ltd. Purchases 717 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Meiji Yasuda Asset Management Co Ltd. boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 62.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,868 shares of the semiconductor company’s stock after acquiring an additional 717 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Monolithic Power Systems were worth $1,535,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MPWR. BNP Paribas Financial Markets grew its holdings in Monolithic Power Systems by 95.1% during the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after buying an additional 148,771 shares in the last quarter. Vanguard Group Inc. grew its holdings in Monolithic Power Systems by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock valued at $3,446,624,000 after buying an additional 90,589 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Monolithic Power Systems by 10.0% during the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after purchasing an additional 85,676 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Monolithic Power Systems by 952.2% during the first quarter. SG Americas Securities LLC now owns 93,101 shares of the semiconductor company’s stock worth $63,068,000 after purchasing an additional 84,253 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Monolithic Power Systems by 30.1% during the first quarter. Van ECK Associates Corp now owns 321,174 shares of the semiconductor company’s stock worth $217,569,000 after purchasing an additional 74,287 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $911.12 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $959.64. The stock has a 50 day moving average price of $861.34 and a two-hundred day moving average price of $775.18. The company has a market capitalization of $44.35 billion, a P/E ratio of 108.60, a PEG ratio of 4.14 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The firm had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. During the same quarter in the previous year, the company posted $2.05 earnings per share. The business’s revenue was up 15.0% on a year-over-year basis. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $1.25 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.55%. Monolithic Power Systems’s payout ratio is currently 59.59%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. KeyCorp boosted their price objective on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Truist Financial boosted their price objective on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Raymond James boosted their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Monolithic Power Systems presently has an average rating of “Buy” and an average target price of $912.30.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 728 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $566,667.92. Following the completion of the sale, the chief financial officer now owns 64,178 shares in the company, valued at $49,955,513.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Theodore Blegen sold 728 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $566,667.92. Following the completion of the transaction, the chief financial officer now owns 64,178 shares in the company, valued at $49,955,513.42. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael Hsing sold 2,672 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $804.57, for a total value of $2,149,811.04. Following the transaction, the chief executive officer now owns 877,736 shares of the company’s stock, valued at approximately $706,200,053.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,299 shares of company stock worth $83,140,933. 3.20% of the stock is currently owned by insiders.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.